Analysts Offer Predictions for Franco-Nevada Q3 Earnings

Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) – Equities researchers at National Bank Financial lowered their Q3 2024 earnings per share estimates for Franco-Nevada in a research report issued on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will earn $0.87 per share for the quarter, down from their prior estimate of $0.93. The consensus estimate for Franco-Nevada’s current full-year earnings is $3.26 per share. National Bank Financial also issued estimates for Franco-Nevada’s FY2025 earnings at $4.12 EPS.

Several other research analysts also recently commented on FNV. Scotiabank raised their price objective on Franco-Nevada from $141.00 to $142.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. Bank of America downgraded shares of Franco-Nevada from a “buy” rating to a “neutral” rating and lowered their price target for the company from $142.00 to $139.00 in a report on Tuesday, October 1st. TD Securities upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. TD Cowen upgraded shares of Franco-Nevada from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $185.00 target price on shares of Franco-Nevada in a report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Franco-Nevada presently has an average rating of “Moderate Buy” and an average price target of $152.75.

Franco-Nevada Trading Down 0.1 %

FNV opened at $135.65 on Friday. The firm’s 50 day simple moving average is $124.91 and its two-hundred day simple moving average is $123.28. The company has a market capitalization of $26.10 billion, a PE ratio of -54.48, a PEG ratio of 20.13 and a beta of 0.76. Franco-Nevada has a 1-year low of $102.29 and a 1-year high of $137.52.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Tuesday, August 13th. The basic materials company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.03). Franco-Nevada had a positive return on equity of 10.56% and a negative net margin of 51.64%. The business had revenue of $260.10 million during the quarter, compared to the consensus estimate of $277.44 million. During the same quarter last year, the company earned $0.95 EPS. Franco-Nevada’s revenue for the quarter was down 21.2% on a year-over-year basis.

Franco-Nevada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.06%. Franco-Nevada’s dividend payout ratio is currently -57.83%.

Hedge Funds Weigh In On Franco-Nevada

Several institutional investors have recently bought and sold shares of the business. Mechanics Financial Corp raised its position in shares of Franco-Nevada by 150.0% during the 2nd quarter. Mechanics Financial Corp now owns 250 shares of the basic materials company’s stock valued at $30,000 after buying an additional 150 shares in the last quarter. Mather Group LLC. purchased a new stake in Franco-Nevada during the second quarter valued at approximately $33,000. Kings Path Partners LLC bought a new stake in shares of Franco-Nevada in the 2nd quarter valued at approximately $36,000. Sunbelt Securities Inc. boosted its holdings in shares of Franco-Nevada by 3,333.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 412 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 400 shares during the period. Finally, Hillsdale Investment Management Inc. increased its position in shares of Franco-Nevada by 33.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 440 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.